War with Iran "Enriches" US Oil Companies: Over $130 Billion in Six Months

The war with Iran has become one of the most profitable periods for American oil companies. According to estimates by The New York Times, cited by RBC-Ukraine, more than 50 major US oil and gas enterprises—primarily producers and refineries—generated over $130 billion during the six months of the conflict. These figures significantly exceed the results of the same period a year earlier, creating a sharp contrast between corporate revenues and the expenses of ordinary consumers.

Almost Three Times More Than in 2025

The $130 billion figure is nearly three times higher than the profits of US oil production and refining companies for the same period in 2025. At that time, according to the publication, companies earned a total of less than $47 billion. That period was characterized by lower oil prices and businesses attempting to overcome the initial consequences of US President Donald Trump's trade war.

Scope of Estimates

It is important to note that this estimate covers a six-month period—from April through September—and does not include revenues generated in March, the first month of the war, or in October. Consequently, the final total for the entire duration of the conflict could be higher, although The New York Times calculation excludes these months.

The Cost for American Households

While corporations boosted their profits, American consumers bore additional expenses. According to an analysis by the Climate Solutions Laboratory at Brown University, since the strikes on Iran began on February 28, US residents have spent an extra $147 billion on gasoline and diesel fuel. Calculated per household, this amounts to more than $1,100.

Oil Market: Fourth Consecutive Month of Growth

On October 30, oil prices rose again, marking what is expected to be the fourth consecutive month of growth following an attack on a tanker in the Strait of Hormuz, which highlighted supply risks. Amid Houthi attacks on facilities in Saudi Arabia and reports of strikes on vessels in the Persian Gulf, Brent crude quotes reached a five-month high.